BGC Gives eBay “Buy” Rating

BGC Partners, a firm with roots dating back to 1945, has new confidence in eBay.  Today, BGC upgraded its outlook on eBay’s stock from hold to buy, and raised its price target by 25 percent, as well.

The new price target is $35, up from $28.  That’s not a huge vote of confidence, considering that eBay’s stock is currently trading at $27.77, but at least shows BGC doesn’t think eBay is stagnant.